Council deferred final reading of this item to the May 8, 2017, Council Public Hearing. This item will be discussed in conjunction with the Infrastructure YYC report. The Main Street initiative is a Council authorized program that focuses on creating more opportunity for private investment to build a more complete community, along with infrastructure investment by The City of Calgary in the public realm for priority Municipal Development Plan areas.

City Council approved the 2017 Property Tax Bylaw, which set the rates for 2017 property taxes for residential and non-residential properties. City Council approved the 2017 municipal property tax rate based on mid-cycle adjustments that were developed to support Calgarians during the economic downturn. Last June, Council reduced the previously approved a 4.7 per cent tax rate increase for 2017 to 1.5 per cent and approved a rebate from the Fiscal Stability Reserve to cover the 1.5 per cent increase. The City is taking action to support Calgary’s economy, keep Calgarians working, reduce the cost of local government and address financial challenges while finding innovative ways to continue providing quality services to citizens.